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Xbox and Game Pass Price Hike Imminent as Microsoft Looks For An IP Like Genshin Impact; Q1 2022 Financial Results Out and More

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It appears that PlayStation 5 is not the only next-gen console that will be experiencing a price hike. Through a recent post by Tom Warren on Twitter, players have been informed that Phil Spencer feels that the prices for the console and the game pass are bound to increase in the near future. He stated that they have managed to keep a hold on the prices for a very long time, but at some point they will have to raise them. Check out what he stated at WSJ Live below:

Talking about Phil Spencer, he has also had some words to share about Call of Duty recently, as we have been informed through another set of Tom Warren tweets. He has stated that the franchise will be specifically available for PlayStation, and they would love to see it on Nintendo Switch too. He would like to see the game playable on all types of screens, as they intend to treat Call of Duty as they did with Minecraft.

Furthermore, he added that their main motive with the acquisition is to infiltrate the mobile gaming scenario. He states that there are around 3 billion people that indulge in playing video games, but there are only about 200 million households that have a console. The majority share of players comes from mobile gaming, and that is the market that Phil Spencer is looking to target through the acquisition.

In other news, according to a report by Reuters, it seems that Microsoft is looking for an IP like Genshin Impact. As the report states, Genshin Impact has been able to bring in billions of dollars in just two years due to its unmitigated success in the market. Microsoft is looking for a similar IP that will fetch them these big bucks too. Both of the behemoths of the gaming industry, Sony and Microsoft, have been looking to infiltrate the Chinese gaming markets for quite some time now, Sony has managed to pull it off and Microsoft seems to be next in line. Check out what Daniel Ahmad, Senior Analyst at Niko Partners, told Reuters below:

“Chinese game developers are trying to standardise their development tools, create advanced production processes, invest in really large-scale teams. Ultimately, that helps provide them with the competitive edge to reach a broad audience both in terms of geography and platforms.”

In other news, Microsoft just released their Q1 earnings, and they have incurred a year-on-year growth of around 0.47%, making this their best quarter ever. The previous best quarter experienced by Xbox was last year with revenue total coming to $3.59 billion, this time around they have generated a revenue of $3.61 billion. Gaming revenue grew slightly, content and services declined, and Xbox hardware revenue grew by 13%.

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